Flex Space with Drive-In
For Sale
$775,000
4906 Don Drive, Dallas, TX 75247
Configured for showroom, office, and light industrial functions with climate-controlled interior areas.
Property Size3,925 SF
Price / SF$187.20
Days on Market131
Property Features for 4906 Don Drive
General Information
Standard status
Active
Size
3,925 SF
Total Parking Spaces
12
Property subtype
Commercial
Zoning
IR - Industrial Research District
Additional Details
Highway Access
Yes
Drive-In Doors
1
Amenities
custom lighting
security system with motion detectors
iron security gate at the entrance
large kitchen
mezzanine storage
Wi-Fi connectivity
Building Details
Building Size
3,925 SF
Year Built
1985
Stories
1
Units
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Mark Wykes
Source:
Signaturere
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 11:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This flex property combines a reception area, five private offices, two restrooms, a showroom, and mezzanine storage. The showroom or warehouse area includes a 10' x 14' drive-in loading door, while both office and showroom spaces have air conditioning and heating. Additional improvements include custom lighting, a security system with motion detectors, an iron entry gate, a large kitchen, and Wi-Fi connectivity.
The property is located at 4906 Don Drive in Dallas, with access to Highway 183 and Interstate 35. It is zoned IR - Industrial Research District and includes 12 surface parking spaces. Constructed in 1985, the building is currently owner-occupied.
The property is located at 4906 Don Drive in Dallas, with access to Highway 183 and Interstate 35. It is zoned IR - Industrial Research District and includes 12 surface parking spaces. Constructed in 1985, the building is currently owner-occupied.
Key Highlights
- 10' x 14' drive‑in loading door serving showroom or warehouse area
- Five private offices, reception area, two restrooms, and showroom
- IR - Industrial Research District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,329
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,580
$726.6K
Cap Rate 7%
$518,986
$519.0K
Cap Rate 9%
$403,656
$403.7K
Market Conditions
NOI Build-Up for 4,140 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.1K $15.00/SF
− Vacancy
−$6.2K −$1.50/SF
EGI
$55.9K $13.50/SF
− OpEx
−$19.6K −$4.73/SF
NOI
$36.3K $8.78/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,580
Cap Rate 7%
$518,986
Cap Rate 9%
$403,656
Alternative Uses
Best Use
Office B
$3.40M
$2.98M – $3.97M
NOI $238,014 @ 7.0% cap · market cap 30.71%
Second Best
Flex RnD
$519.0K
$454.1K – $605.5K
NOI $36,329 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $347,736 @ 7.0% cap · market cap 44.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75247, TX
830
Population
338
Households
2.5
Avg Household Size
51
Median Age
10%
College-Educated
72%
High-School Grad
6.6 sq mi
ZIP Area
126
Density / Sq Mi
$20,274
Median Household Income
$8,500
Median Earnings
$1,218
Median Rent
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Configured for showroom, office, and light industrial functions with climate-controlled interior areas.
Where is this flex space located?
The property is located at 4906 Don Drive Dallas, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 10' x 14' drive‑in loading door serving showroom or warehouse area; Five private offices, reception area, two restrooms, and showroom; IR - Industrial Research District zoning
